THE ADVANTAGES OF USING E-MONEY

Introduction
Before there existed money, humans made transactions utilizing the barter system, which
involved exchanging things with other individuals who needed each other. However, because
humans have many transactions and demands, they require a commodity that is easier to use
in communal interactions. So, over time, money was established with the goal of facilitating
exchange and commercial operations. Money is classified into two types: coins and paper
money. As technology has advanced, money is also available in digital form, known as e-
money. E-money is a type of electronic payment that is stored in electronic media. E-money
users must first deposit their money with the publisher and store it in electronic media before
using it for transactions. The first e-money was released in Indonesia in 2009, with the
issuance of Bank Indonesia Regulation No.11/12/PBI/2009 by Bank Indonesia. Bank
Indonesia recognizes two types of e-money: card-based employing a chip and application-
based such as Dana, Go-Pay, Ovo, and so on. According to Bank Indonesia (BI) data, the
number of electronic money in circulation reached 594.17 million units in February 2022,
with 512.98 million units (86.34%) being application-based electronic money and 81.19
million units (13.67%) being chip or card based. It can be noticed how many people have
used e-money to facilitate their daily operations in carrying out any transaction process.
Saving or utilizing money in the form of e-money offers various advantages, including
streamlining transactions, being safe, and having good consequences such as being able to
adapt to changing circumstances.
Body (content)
The availability of e-money has several advantages, one of which is the simplicity with which
transactions, including sales and purchases, may be carried out. As we well know, e-money
has more functions than ever before, and nearly all transaction activities carried out by people
today use e-money. due to the fact that it is available as electronic money, a chip, an ATM, or
smartphone applications like mobile banking, funds, go-pay, ovo, etc. By not having to carry
large sums of money in a bag or wallet when we go shopping on a regular basis, it makes us
more practical while carrying or using it. The next convenience that we might have in our
daily activities of dealing with e-money is to buy data packages, buy groceries in e-
commerce, pay for power, pay car taxes, pay tuition fees, buy transportation tickets online,
and so on. It is included in our mobile banking package. For us or those who spend a lot of
time just occupied with job, utilizing e-money for any transaction is the appropriate decision
because it is more time-saving and efficient, and it is also due to sophisticated technological
improvements in the world. Our smartphones make it easier for us in situational and
conditional scenarios when we need something paid for or purchased quickly, but in certain
situations and conditions, such as when we are planning to buy something in huge numbers,
we may require cash more than e-money. When the goods you want to buy are at sellers who
do not accept e-money payments, such as meatball sellers around the complex, mobile
vegetable sellers, basic food stalls near their homes, they usually still use cash transactions,
so we must also have cash reserves in our wallets for situational and conditional when
transacting like this, even though we use e-money more often. Consider how long it took
people before the existence of e-money to meet certain needs. For example, to pay vehicle
taxes, they had to use transportation to the tax office and queue, so they had to spend half a
day or all day just to pay taxes; then, overseas children who were in college outside the city
needed pocket money, and parents had to travel out of town to directly meet and give pocket
money to their children. Therefore, to solve this issue, there is e-money, which is now
simpler and can be used anywhere and anytime as previously explained. E-money can be
used to pay taxes, and since it can be transferred directly through mobile banking or e-money,
parents don't have to worry about providing their children pocket money. Sun and Zhang
claim that the perception of ease of use is a belief about the decision-making process. They
identify the dimensions of the ease of using e-money, namely that it is simple to learn, simple
to use, clear, and simple to understand, before becoming competent. Someone will use an
information system if he believes it is simple to use.